Egypt's annual inflation eases for 1st time in 10 monthsEgypt's annual headline inflation dropped to 31.5 percent in April, down from 33.9 percent in March, recording the first monthly deceleration in 10 months, but a leap from 14.9 percent in April 2022, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on Wednesday. Prices of food and beverages in Egypt increased by 2.3 percent in April, after grain and bread prices soared by seven percent and fish prices surged by 7.3 percent. Prices of housing, water, electricity, natural gas, and fuel inched up 0.6 percent, while transportation prices rose by 0.9 percent. Annual changesPrices of food and beverages surged by 53.8 percent in April on an annual basis, while prices of housing, water, electricity, natural gas, and fuel rose by 8.3 percent. Healthcare prices jumped by 17.6 percent, while transportation prices soared by 20.3 percent.

Source: The North Africa Journal May 10, 2023 21:20 UTC